(Solved): Perform a horizontal analysis for the balance sheet entry "Cash" given below. That is, find the am ...

Perform a horizontal analysis for the balance sheet entry "Cash" given below. That is, find the amount of increase or decrease (in $) and the associated percent (rounded to the nearest tenth). Increase/Decrease Assets 2019 2018 Amount Percent Current Assets Cash $18,800 $11,900 Accounts Receivable 22,300 18,100 Merchandise 30,100 25,900 Inventory Supplies 5,600 7,600 Total Current Assets 76,800 63,500 Property, Plant, and Equipment Machinery and Equipment 56,000 57,100 Total Assets $132,800 $120,600 %